Mortgage Guide 101 Blog

September 2006 - Posts

The slowing US economy looks like it's having effects farther afield: I was reading just today that analysts in Canada are predicting as much as a full percentage point drop in Canadian interest rates over the next 12 months. Why? To counteract the slow Read More...
Posted on September 30,2006

If you are a buyer who has been on the sidelines, the slow in appreciation of housing prices (and outright fall in some areas) might just be getting you in the mood to purchase. Here's some good news: Rates have dropped this year from a high of 6.8 Read More...
Posted on September 29,2006

It's not just Silicon Valley anymore; prices are faling all over California. In fact, it's happening all over the US. Analysts are starting to talk "economic slow down" and declining home prices are just part of the picture. Slowing home sales is Read More...
Posted on September 27,2006

Who would have thought? One of the world's most famous tennis players is getting into real estate! Agassi and his wife, Steffi Graf, have set up their own company and are partnering with Exclusive Resorts LLC. Exclusive Resorts is a time-share company Read More...
Posted on September 26,2006

Well, the analysts are lining up on the side of a slow down in the housing market. According to the latest economic data, housing starts in August were down to levels not seen since April of 2003, reinforcing the idea that the market is cooling. The Read More...
Posted on September 23,2006

Now, here's good news if you have had an issue with your Zillow estimated value on your home: you can now add your own estimate of the home's value, next to the Zillow generated value. It's about time there was a way for property owners to provide Read More...
Posted on September 21,2006

This caught my eye today, as I was looking at real estate news stories: according to the Mortgage Bankers Association, refinancing is at an 8 month high. That's not necessarily good news. Refinancing typically happens for a few key reasons: 1. The Read More...
Posted on September 20,2006

It was expected: as interest rates went up, some folks were going to be caught in the squeeze. Well, the squeeze is considerable. Look at the numbers: August foreclosures are up a whopping 24 percent from July. For just this year alone, (and without the Read More...
Posted on September 16,2006

You may not be ready to hear the word "winter" where you are, but where I am, the nights are already getting colder and it's feeling a lot like fall. The trees are turning color and the birds are congregating to fly south. And if you want to get ready Read More...
Posted on September 14,2006

Well, as rates have tended to be higher this year than for the last several years, homes are sitting on the market longer. Slowly but surely, these conditions are creating a tendency towards a buyers market in many areas of the country. Rates are Read More...
Posted on September 13,2006

I just found an interesting site that allows you to check out market conditions where you are. Analysis of the local market is done by a local real estate agent. You can find out information about the community as well as the current trends in the Read More...
Posted on September 12,2006

While many housing markets across North America are cooling down, Calgary's housing market continues to heat up. If you aren't familiar with Calgary, it's in the middle of Canada's oil patch, just east of the Rockies, in the province of Alberta. With the Read More...
Posted on September 11,2006

Here's more evidence that the housing market is cooling. The median home price in our nation's hottest market, Silicon Valley, has dropped a whopping 6.1 percent in just the past two months. The house market hasn't seen a decline like this in 3 years. Read More...
Posted on September 10,2006

Well, it's not just my imagination: today I was reading that the latest major housing market report shows home price appreciation is shrinking at a rate not seen since 1975. In other words, if you are used to seeing your home go up by double digit Read More...
Posted on September 6,2006

I am still watching the real estate papers around here, hoping for the perfect house to turn up. We need more space; I can see it coming. Number 1 son pretty much seems the "boss" of the available space in the play room, and you just know that once our 7 Read More...
Posted on September 5,2006

More news from Freddie Mac: the 30-year fixed-rate mortgage (FRM) was down to 6.44 percent with an average 0.4 point for the week ending August 31, 2006, slipping from last week's 6.48 percent. This rate is the lowest since April of this year. So, it Read More...
Posted on September 2,2006

Apparently, Zillow isn't just a fun tool to find out what the neighbor's house is worth: it's also being used by buyers to figure out how much they want to pay for a property. After all, it's really easy to just get online and check what Zillow says Read More...
Posted on September 1,2006
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